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Mahindra Lifespace Developers Limited said its Committee for Investment/Land Appraisal has approved the sale of its entire stake in associate companies Ample Parks and Logistics Private Limited, Ample Parks Project 1 Private Limited, Ample Parks Project 2 Private Limited and Ample Parks MMR Private Limited to Omega Warehouse Holdings 2 Limited for a consideration not exceeding Rs 80 crore, with the transaction expected to be completed by December 31, 2026, or a mutually agreed date.

Net profit of Mahindra Lifespace Developers rose 66.92% to Rs 85.53 crore in the quarter ended June 2026 as against Rs 51.24 crore during the previous quarter ended June 2025. Sales rose 2909.48% to Rs 962.13 crore in the quarter ended June 2026 as against Rs 31.97 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales962.1331.97 2909 OPM %9.82-172.10 - PBDT116.0447.69 143 PBT111.0041.60 167 NP85.5351.24 67 Powered by Capital Market - Live News

Mahindra Lifespace Developers will hold a meeting of the Board of Directors of the Company on 23 July 2026.

Mahindra Lifespace Developers�announced the acquisition of a 15-acre land parcel in Kandivali East, Mumbai. The project has an estimated Gross Development Value (GDV) of approximately Rs 5,600 crore with a development potential of around 1.8 million square feet. Strategically located in Kandivali East, the open greenfield land parcel benefits from excellent connectivity to the Western Express Highway and existing metro corridors. The location is supported by established social infrastructure, including schools, hospitals, and retail hubs, and continues to witness strong residential absorption driven by end-user demand.

Mahindra Lifespace Developers has received the following credit rating from India Ratings and Research:Commercial paper (Rs 2,500 crore) - IND A1+Proposed commercial paper (Rs 1,000 crore) - IND A1+